3830 Otis Street Unit 1-4

Wheat Ridge, CO 80033
Beds
8
Square Ft.
6,548
$2,100,000
Welcome to this exceptional quadplex in the desirable Edgewater area, offering a prime investment opportunity with four spacious units, each over 1600 square feet. Something you will not find in any other income property in the surrounding area. Every unit features 2 bedrooms and 2 bathrooms, large kitchen withRead MoreRead Less
Courtesy of The Old Country Real Estate Group LLC, Chad Hartmann, 720-724-3933.
Listing Snapshot
Days Online
16
Last Updated
Property Type
Quadplex
Beds
8
Square Ft.
6,548
Year Built
1981
MLS Number
2082472
30 Days Snapshot Of 80033
$
-2%
(avg) sold price
17
-55%
homes sold
51
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Dishwasher", "Disposal", "Dryer", "Gas Water Heater", "Refrigerator", "Self Cleaning Oven", "Washer"
Building
Above Grade Finished Area: 6548, Architectural Style: "Traditional", Common Walls: "2+ Common Walls", Construction Materials: "Brick", "Wood Siding", Levels: "Two", Living Area: 6548, Occupant Type: Tenant, Structure Type: "Quadruplex", Total Area: 6548, Unit Count: 4, Built in 1981
Cooling
Cooling: "Evaporative Cooling"
Disclosures
Attribution Contact: 720-724-3933, Exclusions: Any/all items owned by current tenants.
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Other", "Real Estate Tax", Operating Expense: $20,360, Projected Annual Expense: $20,360
Exterior Features
Features: "Lighting", "Private Yard", "Rain Gutters", Patio And Porch Features: "Covered", "Front Porch"
Fence
Fencing: "Partial"
Fireplaces
4 fireplaces, Fireplace Features: "Family Room"
Floors
Flooring: "Carpet", "Vinyl"
Garage
4 garage spaces
Heating
Heating: "Forced Air"
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 70192.00, Gross Income: $92,400, Projected Annual Net Income: $87,832, Projected Gross Income: $110,400
Interior Features
Features: "Ceiling Fan(s)", "Laminate Counters", "Walk-In Closet(s)"
Laundry
Features: "In Unit"
Lot
Features: "Landscaped", "Sprinklers In Front", Parcel Number: 400544
Energy Saving
Green Verification Count: 0
Owner Pays
Owner Pays: "Insurance", "Taxes", "Trash Collection", "Water", Ownership: Individual
Parking
Parking Total: 13, Carport Spaces: 5, Offstreet Spaces: 0, Reserved Spaces: 4, RV Spaces: 0, Parking Count: 3, Features: "Asphalt", "Concrete"
Property
Livable Structure Count: 0, Out Building Count: 0, Property Condition: "Updated/Remodeled", Property Sub Type: Quadplex
Roof
Roof: "Composition"
Security Features
Features: "Smoke Detector(s)"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 2326, Legal Description: SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0001 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0002 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0003 TRACT; SECTION 24 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 586810 SUBDIVISIONNAME PATIO COURT CONDOS BLOCK LOT 0004 TRACT, Tax Year: 2023
Tenant Pays
Tenant Pays: "Cable TV", "Electricity", "Gas", "Grounds Care"
Utilities
Power Production Count: 0, Utilities: "Electricity Connected", Utility Billing To Tenants: Direct Billing from Utility, Utility Metering: Common Water, Separate Electric, Separate Gas, Water Source: "Public"
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